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New Price Measurement Tool Shows Calgary Home Prices Up From a Year Ago

The year-over-year value of homes in Calgary increased in January 2012 by 2.7 per cent, according to a new price measurement tool vetted by academia and financial industry experts, including the Bank of Canada.

The new MLS® Home Price Index (HPI) was recently introduced by the Canadian Real Estate Association in partnership with Canada’s five largest real estate boards, including Calgary.

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Posted Wednesday Feb 08